Advertisements
Advertisements
Question
Advertisements
Solution
Income tax is an example of direct tax.
Direct taxes are those taxes that are borne by the person on whom it is imposed. The burden of such taxes cannot be shifted on to others. For example, income tax, wealth tax, etc.
APPEARS IN
RELATED QUESTIONS
Distinguish between the following.
Direct tax and Indirect tax.
State whether the following statement is True or False with reason:
Autonomous consumption expenditure cannot be zero.
Give reasons or explain the following statement:
It is more appropriate to tax the rich in excess than the poor.
Fill in the blank with appropriate alternatives given below
__________ is an example of direct tax.
State whether the following statement is true or false.
Indirect taxes are paid directly by people to the government.
Give reason of Explain the statement
Income collected from tax is a main source of government revenue.
Distinguish between:
Direct tax and indirect tax
Answer the following question
What are the source of non-tax revenue?
